Kazazian Asset Management LLC Invests $453,000 in SelectQuote, Inc. (NYSE:SLQT)

Kazazian Asset Management LLC purchased a new stake in SelectQuote, Inc. (NYSE:SLQT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 121,800 shares of the company’s stock, valued at approximately $453,000. Kazazian Asset Management LLC owned approximately 0.07% of SelectQuote as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SLQT. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in SelectQuote by 23.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 772,831 shares of the company’s stock valued at $2,875,000 after acquiring an additional 149,283 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in SelectQuote in the third quarter valued at $311,000. Barclays PLC boosted its holdings in SelectQuote by 166.8% in the third quarter. Barclays PLC now owns 198,357 shares of the company’s stock valued at $430,000 after acquiring an additional 124,005 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in SelectQuote by 36.9% in the third quarter. JPMorgan Chase & Co. now owns 429,656 shares of the company’s stock valued at $932,000 after acquiring an additional 115,865 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in SelectQuote in the third quarter valued at $153,000. Institutional investors own 34.59% of the company’s stock.

SelectQuote Stock Performance

Shares of SLQT stock opened at $3.55 on Wednesday. SelectQuote, Inc. has a 12 month low of $1.48 and a 12 month high of $6.86. The stock has a market cap of $610.25 million, a PE ratio of -39.39 and a beta of 1.13. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. The company’s fifty day moving average price is $4.40 and its 200-day moving average price is $3.28.

SelectQuote (NYSE:SLQT) last announced its earnings results on Monday, February 10th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative net margin of 0.95% and a negative return on equity of 4.38%. On average, equities analysts expect that SelectQuote, Inc. will post -0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SLQT has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $4.00 price target on shares of SelectQuote in a report on Friday, November 22nd. Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a report on Wednesday, February 12th.

Insider Transactions at SelectQuote

In other news, insider Sarah Taylor Anderson sold 50,000 shares of SelectQuote stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $5.44, for a total value of $272,000.00. Following the completion of the transaction, the insider now owns 1,166 shares of the company’s stock, valued at $6,343.04. The trade was a 97.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.40% of the stock is owned by insiders.

About SelectQuote

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.